out-of-pocket expenses

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out-of-pocket expenses

n. moneys paid directly for necessary items by a contractor, trustee, executor, administrator or any person responsible to cover expenses not detailed by agreement. They may be recoverable from a defendant in a lawsuit for breach of contract, allowable for reimbursement by trustees, executors or administrators, or deductible by a landlord from a tenant's security deposit for damages beyond normal wear and tear.

out-of-pocket expenses

noun administrative reembursable expenses, defrayal, defrayment, disbursement, entertainment expenses, expenses, individual expenses, itemized expenses, payments, recompense, recoupment, remittance, remuneration, repayment, travel expenses
Associated concepts: out-of-pocket rule
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References in periodicals archive ?
Women have seen a 20% decrease in their out-of-pocket expenses for oral contraceptives and intrauterine devices since the implementation of the Affordable Care Act's mandate to cover contraceptives without consumer cost sharing, according to a new analysis published in Health Affairs.
Under another option, employees willing to pay higher monthly premiums could have a deductible of $300 and a maximum out-of-pocket expense of $1,200.
For many corporations, implementing a GMRP could solve many of the out-of-pocket expense concerns of a great number of their employees.
They are not supposed to attract the middle-aged who expect greater out-of-pocket expenses.
The out-of-pocket expense varies from $100 to $250).
Although the average out-of-pocket expense for scenario 1 was 71 percent, about one-half of employees covered by health care benefits would have paid the entire bill for services received.
Thus, the auditor is paid only if a tax deficiency is found and no out-of-pocket expenses are incurred by the assessing agency.
WASHINGTON -- The full cost of drugs obtained through patient-assistance programs should be counted as out-of-pocket expenses under the new Medicare Part D prescription drug benefit, according to council members at a meeting of the Practicing Physicians Advisory Council.
The DoD's electronic, point-of-purchase COB program minimizes the need for millions of TRICARE beneficiaries to incur reimbursable out-of-pocket expense and then file paper claims for reimbursement.
If the firm determines for "valid business reasons" not to bill a client for an out-of-pocket expense, the expense is deductible in the year that the final determination is made.
Maximum out-of-pocket expense for a family was boosted from $1,500 to $2,100 per year.
Families with children admitted to the Pediatric Intensive Care Unit incur significant nonmedical, out-of-pocket expenses and demonstrate work absenteeism and inability to perform daily activities, with the lowest income brackets bearing the highest burden, according to a study at Massachusetts General Hospital, Boston.